Read more about our migration of Macquarie Wrap to the cloud, update to new CMA applications, changes to the fees charged on Wrap accounts and DDO coming soon.

In this edition of Digital Download, find out more about our migration of the Macquarie Wrap reporting database to the cloud, updated CMA applications, changes to the way fees will be charged on Wrap accounts and Design and Distribution Obligations (DDO) which are coming into effect soon.   


What's new

We migrated the Macquarie Wrap reporting database to the cloud

We recently migrated our Macquarie Wrap reporting database to the cloud on Saturday 31 July through to Sunday 1 August. This was an important upgrade that forms part of our ongoing commitment to continually enhancing our platform technology. We’re already seeing this upgrade deliver some exciting platform performance benefits for you and your clients and expect more to come. We’ll share more information on these with you soon.

Give your clients a higher interest rate with a linked Cash Accelerator Account when opening their new Cash Management Account (CMA)

From 12 August 2021, we’re updating CMA applications so opening an Accelerator account will be the default option. This means you’ll need to actively ‘opt-out’ if you’d prefer not to open an Accelerator. This update will apply to ‘Online’ and ‘Print, Sign and Email’ applications. We’re making this change as we believe our Accelerator product has great value for CMA account holders, providing them with a higher interest rate account liked to their CMA.

  • What is an Accelerator account?
    The Macquarie Cash Management Accelerator Account (Accelerator) is a high interest savings deposit account that links to your Macquarie Cash Management Account (CMA). Customers can earn more on their cash funds while waiting for investment opportunities or simply get a higher return on savings. The Accelerator offers the convenience of having your investment cash hub and your surplus investment cash account in one place.
  • How can I close an Accelerator account?
    If an Accelerator account is opened in error, you can easily close the account by following the same process to close a CMA. 

Providing you and your clients with flexibility on their Macquarie Wrap account

We’ve listened to your feedback and recognised the dealer code configuration for fees charged on clients Wrap accounts could be improved. To simplify and streamline this process, fees charged on your client’s cash account will now be determined at the account level for Macquarie Wrap. This provides you with the flexibility to choose whether the balance of your client’s cash account within their Wrap account should count as funds being managed by you in calculating asset-based fees. 

Supporting you with new Design and Distribution Obligations (DDO) requirements

From 5 October 2021, DDO will come into effect for all issuers and distributors of financial products that are covered by DDO.

To help you prepare and manage these obligations, we’ve created a dedicated hub for DDO information that you can access, and we’ll continue to add more information to this hub in the lead up to DDO coming into effect, including our target market determinations (TMDs) when they’re available.

We’ll also be in touch with you again, before and on 5 October, to ensure you’re kept up-to-date with any developments of DDO.

What's next?

We’re creating a new page in Adviser Online called ‘Fee profile’ which will show:

  • details of your client’s fee arrangement
  • a breakdown of your initial advice fee so you can see what your client’s pay and what you receive
  • administration and advice fee rates information
  • details of account's fee group
  • a link out to Digital Fee Form
  • values for advice fees with Inclusive GST, Exclusive GST, and Inclusive GST net RITC.

View your client’s Macquarie Online Trading (MOT) accounts directly from Adviser Online soon

MOT accounts will soon be made available on the Adviser Online account list and client profile page without needing to navigate back to Macquarie Access.

Please note: the images below are for demonstration use only and the outcome may differ from what is shown. ​

The Macquarie Access portal will soon be decommissioned

We’re migrating the last of the remaining functionality from Macquarie Access onto Adviser Online. This means Macquarie Access will no longer be required to manage your client’s accounts and this portal will be removed.  To continue managing your client’s accounts, please visit Adviser Online.



Watch and learn: new videos on Help Centre 

We’ve created a help centre article, ‘How do I use Adviser Online?’ which contains all of our training videos to help you use Adviser Online and perform common admin functions for your clients on our platform.

We now have a total of 40 videos available on Adviser Help Centre for you to view.


We've added more managed funds for you to choose from

Your choice of funds and SMAs continues to grow so you can offer your client a highly tailored investment portfolio. Choose from 700+ managed investments on platform and 170+ SMAs across 40+ SMA managers.

New Managed funds** (1 August 2021)

Bennelong Twenty20 Australian Equities Fund

BFL0017AU

Lakehouse Global Growth Fund

OMF1140AU

Milford Dynamic Fund (AU) W Class

ETL6978AU

Pendal Multi Asset Target Return Fund

PDL3383AU

Perpetual Ethical SRI Credit Fund

PER1744AU

Melior Australian Impact Fund

PIM4806AU

Russell Multi-Asset Growth Strategy Plus

RIM0087AU

Russell Multi-Asset Income Strategy Fund

RIM0089AU

Russell GLIF - $A Hedged - Class A

RIM0042AU

Warakirri Global Emerging Markets Fund

WRA4779AU

 

New Wholesale Managed Funds (IM)

Frazis Fund (IM)*

EVO6473AU

GII Global Gender Equality Fund - Women & Girls Class B (IM)*

ETL5162AU

PAC Global Esports Fund (IM)*

BQC2881AU

Regnan Credit Impact Trust (IM)**

PDL5969AU

 

Fund like securities**

Airle Australian Share Fund

AASF

BetaShares Legg Mason Emerging Markets Fund

EMMG

*IDPS only
**IDPS and Super/Pension


Adviser Help Centre: your one-stop-shop for common questions and answers

Adviser Help Centre now has more than 870 articles, covering a range of topics we know you and your staff often need help with. The top three trending articles viewed last month were: 

  1.  What are tax elections?
  2. What are the USI/ABN details of the fund?
  3. How can I amend my client’s pension payments? (Increase or decrease)

Request Centre

Request Centre allows you to submit and manage requests in a faster, easier and more secure way. It’s ready for you and your staff to submit new requests via Adviser Online.

Need help?

Get in touch with us if you’d like more information regarding any of these updates.

Related products

 

Subscribe to our monthly newsletter

We bring you technical updates, financial insights and industry expertise.

 

 

Wider View of Wealth newsletter preview
 
Thank you for subscribing.
Please try again.

Simply fill out your details below:

By submitting this enquiry, I acknowledge that I have read the Macquarie Group privacy policy, and understand that Macquarie will use my personal information to contact me in relation to my enquiry, and for other general marketing purposes.

You can change your marketing preferences by telephoning Macquarie on 1800 806 310 or customising your preferences with the unsubscribe link included in our marketing communications. Please note that all of our calls are recorded. If you do not want your call to be recorded, please advise the Macquarie staff member.

Contact us

Monday to Friday 8am – 6pm (Sydney time)

1800 808 508

Talk to us today

To speak to a specialist complete this form and we'll be in touch.

Help and support

Visit our Adviser Help Centre and search our adviser FAQs.